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Despite a 16.1% rise in average gross wages on a yearly basis, inflationary pressures have caused a decline in real wages for five consecutive months.…
Markets have reassessed the risks to European lenders and looked considerably less concerned as markets re-opened on Monday. If this calm in Europe…
Jitters in European banks on Friday fuelled a recovery in the dollar against pro-cyclical European FX. Markets are once again forced to re-assess the…
We are seeing rising unemployment in Hungary as businesses implement hiring freezes. The coming months will bring further weakening with a possible…
We expect both the Czech National Bank and the National Bank of Hungary to keep interest rates unchanged next week, with officials maintaining their…
The Fed’s ambiguous communication has left rate expectations being driven no longer by Jay Powell, but by Secretary Janet Yellen and her stance on…
The recent turmoil in financial markets has proven that the forint remains extremely exposed to sell-offs. In such an environment, we see no realistic…
Yesterday’s tentative recovery in risk sentiment will be tested today as investors still deal with the unresolved regional bank crisis in the US and…
Fiscal policy continues to consolidate. Borrowing needs are at a record high due to the heavy maturity calendar. However, net issuance of ROMGBs is almost…
A relatively quiet week ahead for the EMEA regions. Given the Central Bank of Turkey cut the policy rate last month, and signalled that cuts would not be…